About Project44
Project44 is a company based in Chicago (United States) founded in 2014 by Jett Mccandless.. Project44 has raised $923 million across 9 funding rounds from investors including Goldman Sachs, SVB and CMA CGM. Project44 has completed 4 acquisitions, including Clear Metal, Ocean Insights and Synfioo. Project44 operates in a competitive market with competitors including FourKites, Shippeo, ORBCOMM, Roambee and Blume Global, among others.
- Headquarter Chicago, United States
- Founders Jett Mccandless
- Stage Unicorn
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Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Project44 Software Services Private Limited
- Date of Incorporation 16 Mar, 2023
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$923 M (USD)
in 9 rounds
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Latest Funding Round
$80 M (USD), Series G
Nov 03, 2022
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Investors
Goldman Sachs
& 19 more
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Employee Count
Employee Count
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Investments & Acquisitions
Clear Metal
& 3 more
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Software Development Team
22 people
Leadership Team
20 people
Sales and Marketing
14 people
Product Management Team
13 people
Senior Team
9 people
Operations Team
6 people
Finance and Accounting
5 people
Human Resources and Administration
5 people
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Funding Insights of Project44
Project44 has successfully raised a total of $923M across 9 strategic funding rounds. The most recent funding activity was a Series G round of $80 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series G — $80.0M
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First Round
First Round
(12 Sep 2016)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series G - Project44 | Valuation | Generation Investment Management , A P Moller Holding |
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| Sep, 2022 | Amount | Series F - Project44 | Valuation |
investors |
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| Jan, 2022 | Amount | Series F - Project44 | Valuation | Thoma Bravo , Goldman Sachs |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Project44
Project44 has secured backing from 20 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, SVB and CMA CGM. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm focused on sustainable investments
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Founded Year | Domain | Location | |
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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location | |
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Tech focused Early and growth stage VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Project44
Project44 has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Clear Metal, Ocean Insights and Synfioo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI and web-enabled analytics platforms are provided for container shipping.
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2015 | ||||
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Cloud-driven supply chain visibility solutions are provided.
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2015 | ||||
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AI-based shipping management solutions are provided for retailers.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Project44
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Project44 Comparisons
Competitors of Project44
Project44 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FourKites, Shippeo, ORBCOMM, Roambee and Blume Global, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI and web-based visibility solutions for supply chains are developed.
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| domain | founded_year | HQ Location |
SaaS-based road freight transportation management platform for carriers and shippers
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| domain | founded_year | HQ Location |
M2M communication solutions for asset tracking and management are provided.
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| domain | founded_year | HQ Location |
AI-enabled solutions for shipment monitoring and tracking are provided.
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| domain | founded_year | HQ Location |
Cloud-based supply chain visibility solutions are provided for logistics stakeholders.
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| domain | founded_year | HQ Location |
Provider of cloud-based cargo tracking solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Project44
Frequently Asked Questions about Project44
When was Project44 founded?
Project44 was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Project44 located?
Project44 is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Project44?
Jett Mccandless is the current CEO of Project44. They have also founded this company.
Is Project44 a funded company?
Project44 is a funded company, having raised a total of $923M across 9 funding rounds to date. The company's 1st funding round was a Series F of $420M, raised on Sep 12, 2016.
What does Project44 do?
Founded in 2014 and based in Chicago, United States, Project44 operates in the logistics sector. Cloud-based platforms are offered to integrate transport management systems, connecting shippers and third-party logistics providers with carriers. Services include automated dispatch requests, shipment tracking, carrier rate quotes, and image retrieval. Visibility tools such as workflow automation and dynamic rating are available for industries including retail, manufacturing, life sciences, food and beverage, and consumer goods.
Who are the top competitors of Project44?
How many acquisitions has Project44 made?
Project44 has made 4 acquisitions, including Clear Metal, Ocean Insights, and Synfioo.
Who are Project44's investors?
Project44 has 20 investors. Key investors include Goldman Sachs, SVB, CMA CGM, TPG, and Thoma Bravo.
What is Project44's valuation?
The valuation of Project44 is $2.7B as of Nov 2022.
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